Remove 2018 Remove Financial Institution Remove Mediation
article thumbnail

What Is eMandate: Meaning and How Does It Work?

Razorpay

In 2018, eMandate was introduced. API-based eNACH, more commonly known as eMandate, was introduced by NPCI around 2018. The NPCI mediates in case of any disputes or issues arising from such transactions and ensures compliance with the regulatory guidelines. eMandate simplified the process between service provider and customer.

IT 98